The report sets out how up to £60 million in grant funding will be invested between 2015 and 2019 to meet the challenges faced by the built environment and to support business-led innovation.

It suggests that urbanisation, climate change and energy security are demanding more from the built environment than ever before, and proposes that, ‘Meeting these demands will require significant innovation. We will need to find resilient, sustainable and adaptable solutions, that can be delivered with precision and at high quality on an industrial scale. We must develop new ways to design, construct and maintain our built environment.’

The funding will bring together the private and public sectors in areas that have high growth potential: